AR 111610 Survey Area Boundaries

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STAFF REPORT DATE: NOVEMBER 16, 2010 ITEM NO. 16 TO: HONORABLE MAYOR AND CITY COUNCI FROM: ROD FOSTER, CITY MANAGER PREPARED BY: MARK TOMICH, DEVELOPMENT SERVICES DIRECTOR SUBJECT: DESIGNATING AMENDED REDEVELOPMENT SURVEY AREA BOUNDARIES RECOMMENDED ACTION It is recommended that the City Council adopt Resolution No. R-74-10 designating an amended redevelopment survey area and direct the Planning Commission of the City of Colton ("Planning Commission") to work cooperatively with staff of the Redevelopment Agency for the City of Colton ("Agency") to (1) select the boundaries of territory within such amended survey area to potentially be added to the proposed "Colton Merged Redevelopment Project" or otherwise redeveloped; (2) formulate a preliminary plan regarding potential redevelopment of such area to be potentially added to the proposed "Colton Merged Redevelopment Project" or otherwise redeveloped; and (3) pursue other necessary actions regarding the potential redevelopment of such area. GOAL STATEMENT The proposed action will support the City's goal to foster economic development, create jobs and eliminate blight in the City. BACKGROUND On August 3, 2010, the City Council adopted Resolution No. R-59-10 designating a redevelopment survey area. The Agency is proposing an amendment ("Amendment") to the Agency's five currently effective redevelopment plans (Cooley Ranch, West Valley, Rancho/Mill, Santa Ana River and Mt. Vernon Corridor) for some or all of the following purposes: (i) merging all five redevelopment projects into one redevelopment project to be titled the "Colton Merged Redevelopment Project" in order to more efficiently and effectively administer and manage redevelopment activities within the City; (ii) increasing tax increment limits in the redevelopment plans for the Santa Ana River Project and the West Valley Project; (iii) increasing the bonded indebtedness limits in each of the five currently effective redevelopment plans; and (iv) potentially adding new territory ("Added Territory") to the proposed Colton Merged Redevelopment Project or, alternatively, adopting an independent redevelopment plan for the Added Territory. The first formal step in potentially redeveloping the Added Territory was for the City Council to designate a redevelopment survey area. The